small part of the economy. when exports slow, clearly that will feed through. having said that, the u.s. and china do seem to have bottomed out. >>. >> dan, thanks very much for joining us. and speaking of hurricane sandy, a levee break in new jersey is prompting rescue operations for new jersey. so the fallout continues. >>> still to come, more on the super storm sandy as it sweeps across the eastern u.s. >>> welcome back. these are the headlines today from around the globe. sandy roaring ashore, powerful storm dumps a ton of rain on theest east coast, knocks out power to millions and floods parts of lower manhattan. >> and shares of bp rising, hiking its dividend by more than 12%. >> and ubs will cut 10,000 jobs an weaned down it fixed income business. deutsche bank sees revenues boosted by debt trading. >> we hope you survived the night safely. >> and we're starting to get more of a sense of how damaging sandy has been. while hurricane sandy may not be a hurricane by name, it's still having a major impact. t